Q: After the Vatican meeting with Zelenskyy, will peace talks succeed?
J.D. Vance: For 3 years both sides said no peace. Now each has proposed terms. Only Trump got them there. If the war ends, it’ll be because Trump brokered one of the great peace deals of the 21st century. 1/
Q: Why was Mike Waltz let go?
J.D. Vance: He wasn’t. He’s being made UN ambassador—a Senate-confirmed role. That’s a promotion. He reformed the NSC, now Rubio steps in. Trump doesn’t fire people and then promote them. Waltz will serve better at the UN—and I agree. 2/
Q: Was Waltz moved because of the Signal chat?
J.D. Vance: No. Trump told him to clean out disloyal staff at NSC—and he did. Job done. Signal story was a nothing-burger. If Trump wanted to fire him, he would’ve. Instead, he promoted him to the UN. Simple as that. 3/
Scott Bessent about the mineral deal: It's a win-win situation [for Ukraine and the U.S.; true]. The Ukrainians can see a path to economic prosperity once this conflict ends, and the U.S., U.S. businesses, U.S. best practices, and U.S. capital will be part of that. 1/
Scott Bessent: This isn't one of those rapacious Chinese deals. If the Ukrainians don't prosper, the American people don’t make money. We’re fully aligned in terms of economics. This is a total economic partnership, not just rare earths, but also infrastructure and energy. 2/
Scott Bessent: Earlier, President Trump told Zelenskyy, 'You have no cards.' But now he has dealt Zelenskyy a royal flush.
Now, with this deal, there’s no daylight between the U.S. and Ukraine, which strengthens our negotiating position with Russia. 3/
Trump on the “big beautiful bill”: 100% expensing for U.S. investments, no tax on tips, overtime, or Social Security, and interest deductions for American-made car purchases, boosting take-home pay for families and driving economic growth. 1/
Trump: Over 250 years later, in a proud, free America, we rejoice — God answered prayers. This new administration will make you proud and strong again. In just 100 days, world leaders are calling. America is respected again after years of decline. 2/
Trump: Just 6 months ago, no one wanted to join the military or police. Now, we have the highest number of recruits ever: Army, Navy, Air Force, Marines, Coast Guard — all full with waiting lists. We’re choosing the best, and our police forces are growing strong again. 3/
Reuters: Russia has tripled its 2025 budget deficit forecast – from 0.5% to 1.7% of GDP – due to the risk of prolonged low oil prices.
Spending will rise. Defense stays intact. 1/
Russia’s finance minister, Siluanov, lowered the 2025 oil and gas revenue forecast by 24% – from $133B to $101B.
The overall deficit estimate grew from near $46B. 2/
Other revised assumptions:
- Urals oil price: down from $69.7 to $56 per barrel
- Inflation: up from 4.5% to 7.6%
- RUB/USD rate: adjusted from 96.5 to 94.3
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